White House Announces PayScale Commitment to Largest-Ever Non-Compete Data Collection

Compensation Today

PayScale is thrilled to announce that we are launching a data collection effort, encouraged by the White House Council of Economic Advisers, in an effort to gain more understanding around the prevalence and impact of non-compete agreements in the U.S. By examining how non-compete agreements are used today, we hope to support a deeper understanding and provide more context for employers, employees and legislators. Non-compete agreements often hinder workforce mobility.

PayScale and MarketPay Team Up

Compensation Today

PayScale Exciting News! PayScale announced it will merge with MarketPay! PayScale will incorporate MarketPay’s advanced data management and market pricing applications for large organizations into its line of innovative compensation solutions. Additionally, PayScale will continue to provide support for MarketPay’s On-Line Market Pricing System—utilized by 650 enterprise customers including 200 of the Fortune 1000.

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PayScale Is Headed to #SHRM17 Conference. See You There?

Compensation Today

Next week, June 18 – 21, the PayScale crew is off to New Orleans for SHRM17 Annual Conference and Exposition. Sales & Marketing Strategies for HR : This session will help you incorporate marketing and selling skills into your list of competencies. We’re excited – we love the chance to talk with customers and future customers. Our theme is Bring Pay Forward, which means transforming comp.

PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. PayScale has you covered in our new, 4-part Comp Glossary. Today’s Lesson: A Little Comp 101 Consider the comp pros at PayScale to be an extension of your team! 2) PAY STRATEGY Definition: The market you compete in for your talent and how competitively you wish to pay in that market.

PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 2 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional PayScale’s Comp Glossary returns! Consider the comp pros at PayScale to be an extension of your team! Others data providers, like PayScale , offer over 14,000 job titles so the percentage of jobs benchmarked will likely exceed 50%, offering an even more precise picture of your pay to market. 4) (LABOR) MARKET Definition: The market is the industry, company size, and location where you compete to hire employees.

Tech Industry Trends and Treats

Compensation Today

PayScale has a work hard, live well culture. My closet is bursting with PayScale t-shirt and sweatshirt pride. PayScale’s 2017 Compensation Best Practices Report gathered information from more than 500 respondents in the tech industry. At PayScale we believe in creating a win-win for employers and employees. According to the PayScale Index , wages for tech jobs have been outpacing average jobs since the end of the recession.

4 Tips for Creating an Incentive Pay Program That Works

BambooHR

Editor’s note: This post originally appeared on Payscale’s Compensation Today blog on May 8, 2018 The way you design your incentive pay program can make a big difference to multiple pieces of your business, so it shouldn’t be an afterthought. Organizations are using variable pay programs to help them compete for talent, to combat turnover, and motivate […].

Should I Get Certified? The Importance of HR Certification

Ultimate Software

In 2008, HR professionals who had obtained a certification were paid, on average, 17% higher than those without; in 2018, Payscale reported that that figure was an incredible 31.6 %. The Society for Human Resource Management (SHRM) also offers two competency-based certifications. Remaining certified is a career-long commitment to continuously learning about the most current human resources competencies and best practices.

Building Salary Ranges for Beginners, Part 1

Compensation Today

By Jenni Marquez, CCP, PayScale Compensation Professional “What’s the typical salary range for an administrative assistant?” Here at PayScale, we work with a lot of companies who are trying to determine typical salary ranges for their jobs. I often advise my PayScale clients that the sooner they establish a compensation plan, as well as policies around how the plan will be administered, the better off the company will be in the long run.

Comp Strategy for Small Businesses: 2017 Compensation Best Practices

Compensation Today

Only 29 percent of small businesses have a compensation strategy, according to data collected for PayScale’s Compensation Best Practices Report , compared with 37 percent of all organizations — despite the fact that small businesses must compete with larger orgs for talent, generally with smaller compensation budgets. Small businesses need to compete with big companies for competitive jobs and hot skills. Compete with larger companies for hot talent.

HR Big Data Continues to Float to the Cloud

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger PayScale’s 2015 Compensation Best Practices Report indicates that HR technology will become hugely important in the coming years. Since PayScale last reported on this topic , many more companies have moved to cloud technology – as a way to create and manage complex compensation programs. Tess C.

LifeWorks

     

4 Key Learning and Development Jobs Explained

Digital HR Tech

As a result, many organizations will have to change or update the skills and competencies of their workforce. Learning & development jobs aim to optimize the skills and competencies of a company’s employees. Learning and development jobs come in all sizes and forms.

Surprising Statistics May Shape 2017 Compensation Programs

HR Daily Advisor

The pursuit of the right talent continues to be highly competitive and, according to the latest research from PayScale, that pursuit is shaping compensation programs and strategies. In fact, PayScale’s 2017 Compensation Best Practices Report (CBPR) reveals a shift in strategy, as well as a gap between the perceptions of employees and employers with regard to pay. Differences in perspective are apparent in the PayScale survey. by Lisa Higgins, Contributing Editor.

Get Me a Compensation Strategy, STAT!

Compensation Today

PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy. It’s the sum of all the choices you make about how to spend your compensation dollars, including the market where you compete for talent and how competitively you plan to pay in that market. PayScale’s 2017 Compensation Best Practices Report (CBPR) found that just 37 percent of all organizations have a comp strategy.

3 Tips to Design a Transparent Non-profit Compensation Strategy

Compensation Today

Jessica Miller-Merrell, blogging4jobs PayScale reports that a more transparent compensation policy can support the recruitment and retention of employees at many non-profit organizations, especially in a growing multi-generational environment. PayScale’s whitepaper on Compensation Challenges for a Multi-generational Workforce , states that a certain level of transparency with compensation will go a long way when it comes to competing for talent in a very competitive market.

Wages are Up, but Some Employers are Not Thrilled

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger The PayScale Index anticipates average U.S. This puts added pressure on small businesses to increase payroll, provide adequate benefits under the ACA , and ensure they can compete with larger businesses for talent. If small businesses are destined to keep supporting wage hikes, as indicated by the PayScale Index data, then there must be an even playing field so that they can recruit and retain great talent. Tess C.

Why Increasing Pay Isn’t Always the Answer

Compensation Today

Sonnet Lauberth, PayScale Compensation Professional In my time as a Compensation Professional at PayScale, I’ve helped over 75 organizations develop a co mpensation strategy and structure to suit their needs and spoke with hundreds of companies about the challenges they face regarding compensation. PayScale’s survey also highlighted a second point that employee perceptions about pay play a significant role in an employee’s desire to leave your company.

Compensation Round-Up: JLaw’s Gender Wage Gap, Transparency, and RIP Annual Raises

Compensation Today

Joleen Oerman, B2B Content Marketing Specialist, PayScale Welcome to the Compensation Roundup, where we bring to you the hottest news in comp! So, how do you compete? Something to chew on… Groundbreaking PayScale Study Reveals Employees Value This More Than Dollars The Low Down: Fair pay, equitable pay, pay equality…we’ve heard it all lately. PayScale found that the majority—two thirds of people that are paid at or above market rate—think that they’re underpaid!

Will recent pay increases for minimum wage workers affect those in higher earning brackets?

Compensation Today

Co-written by Mykkah Herner, PayScale Comp Specialist and Tess C.Taylor, Founder of HR Knows Around the nation, large corporations are taking the minimum wage issue to heart by instituting salary increases for their most underpaid workers. Based on PayScale data , users are split equally when it comes to raising minimum wage: 49.4 Talking about the minimum wage debate I sat down with PayScale’s Director of Professional Services, Mykkah Hermer, to talk about this issue.

Turnover Problems in Sales? The Issue is Recruitment, Not Pay

HR Daily Advisor

Start with PayScale’s (free!) complete guide to compensation plans, Bring Back the Sizzle: PayScale’s Guide to Comp Plans That Get Workers Fired Up (In a Good Way). To develop recruiting strategies, focus on the skills and competencies possessed by the top group, he says. PayScale, Inc., is here to help with their complimentary ebook, Bring Back the Sizzle: PayScale’s Guide to Comp Plans That Get Workers Fired Up (In a Good Way).

You're Underpaying. Now What?

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Most organizations don’t intend to pay employees low, but market shifts and legislation changes can often result in underpaid employees. Market should be the industry, company size, and location where you compete for talent. I repeat— where you compete for talent. PayScale is a perfect example. In PayScale’s Insight Analytics, we deem an employee underpaid if their pay falls 20% or more below the target percentile.

How Would Your Talent Problems Fare if Amazon Chooses Your Area for HQ2?

HR Daily Advisor

I was lucky enough to sit down with PayScale’s Lead Economist and VP of Data Analytics, Katie Bardaro to discuss their research into HQ2 and related talent considerations. Bardaro: Organizations located in the same place as HQ2 will now be competing with a tech juggernaut who offers numerous benefits and competitive wages. ” See above about the risks of having a dissatisfied workforce when competing with Amazon.

CBPR Top 10: What Comptopians Do Differently

Compensation Today

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale PayScale’s 2016 Compensation Best Practices Report is here! If you want to compete in a rapidly changing global economy, you have to pay more for your hot jobs and your top talent. You’re no longer competing with yourself or the company across town. In a global economy, you’re competing with people all over the world.

Developing a Compensation Plan, Step 2: Define Your Strategy

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. The markets you select should reflect where you compete for talent (not business). They may also compete in another market altogether for their physicians. Where do you compete for talent for each segment you’ve identified? Answer these three main questions below for each segment: What market do we compete in for this segment?

Managing Comp during High Growth Phases

Compensation Today

Mykkah Herner, MA, CCP, Modern Compensation Evangelist, PayScale When organizations get into high growth phase, everything starts moving faster. What markets do you compete with for talent? In lieu of cash, many organizations are turning to what we, at PayScale, call workplace currency. Be sure to attend PayScale's upcoming webinars for expert advice and resources.

How Compensation Can Help Your Company Innovate

Compensation Today

What we see every day here at PayScale is that businesses are now competing for talent from every industry. They are now competing for talent with not just other manufacturers, but also from technology firms like Google , Apple , Facebook or any other technology vendor in their area, if not nationally or even internationally. Just a couple of months ago, Facebook launched a competing app to Snapchat. See what PayScale’s modern compensation tools can do for you.

The Free Trap: Why Free Data Isn't All It's Cracked Up To Be

Compensation Today

Kari Van Hoof, CCP, PayScale Compensation Professional The internet is a great and wondrous thing, where with just a few key word searches, you can find anything and everything, including pay data. When people talk about paying competitively to the market, remember that there isn’t just one “market”; your market is defined by your compensation strategy, which consists of the industries, organization sizes and locations where you compete for talent.

Do Job Analysis and Evaluation Still Apply in Today’s World

New to HR

But hierarchies also tend to organise the working environment by rank, with the higher levels of management separated from the workface not only by grade and payscale, but by distance, reducing effective co-operation. This enables strategic management of payscales to balance the bottom line with the need to attract and retain competent employees.

Don't Miss this Summer's Hottest Compensation Events

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger The summer months are just about to kick off and with the warmer weather comes new and exciting industry events. PayScale – Compference (Sept 13-14, 2016) Seattle, Washington will be rocking as PayScale launches it’s annual Compference event at the end of this summer! Tess C.

Organizational Commitment: 7 Ways HR Can Contribute

Digital HR Tech

The central goal here is to improve an organization’s effectiveness and its ability to compete in its industry. In a Payscale survey, a quarter of respondents indicated that higher pay was the primary reason they sought employment outside their current organization.

Your employees are probably looking for a better deal.will they find it?

Compensation Today

This latest research report shows that while most companies plan to grow in size and offer salary raises in 2015, employers are still very concerned about attracting and retaining top performing employees, which creates serious doubts about their ability to compete effectively in our rebounding economy. Increasingly, a company’s ability to get compensation right is a prerequisite for achieving its growth projections,” said PayScale’s Vice President of Marketing, Tim Low.

Compensation Trends: Disruption in Action at the 2017 Total Rewards Show

Compensation Today

In years past, PayScale has faced crossed arms, skepticism, and comments like, “I don’t believe in user-submitted data,” because we were doing something different (innovating?) It’s been a year since PayScale added MarketPay to our business, and we’ve learned a lot about enterprise total rewards from our new colleagues.

Readiness Checklist: How Do You Know the Right Level of Pay Transparency for Your Org?

Compensation Today

PayScale data suggest that about half of all organizations are aiming for pay transparency in 2017. PayScale data suggest that about half of all organizations are aiming for pay transparency in 2017. PayScale’s Compensation Best Practices Report (CBPR) revealed that 49 percent of organizations were at level 1 transparency in 2016, although only 27 percent are aiming for level 1 transparency in 2017.

Top Five Compensation Trends from 2016

Compensation Today

In order to compete for top talent, companies are exploring all options for recognizing and rewarding employees. In PayScale’s 2016 Compensation Best Practices Report we found that 47% of top-performing companies are transparent about pay, vs 40% of all companies. Recent PayScale data suggest that companies went ahead with changes in anticipating of the ruling, and some companies actually used it as an opportunity to brag about their pay brands.

Why retaining employees is now even more important than retaining customers

Compensation Today

According to PayScale’s 2015 Compensation Best Practices Report , 63 percent of employers consider retention a top priority. Read more about the good, the bad, and the ugly of turnover in PayScale’s FREE whitepaper Jessica Miller-Merrell, blogging4jobs How do you retain customers? Common answers may include creating kickass products, having a strong brand, or having great data to help you beat the competition.

Global Trends Impact Higher Education, Business and Working Learners

Edcor

A PayScale report explains the mismatch between the skills employers expect from graduates and graduates actual preparation for work. Katie Bardaro, PayScale VP of Data Analytics, says, “The data we’ve collected show that even though their education may make recent college graduates feel prepared to enter the workforce, only half of hiring managers agree with them; managers feel crucial skills in recent graduates are frequently lacking or absent.”.

Focus on Job Descriptions to Eliminate Costly Employment Discrimination Lawsuits

Compensation Today

Jason Shinn, Employment Attorney, PayScale Guest Blogger How much attention does your company give to developing job descriptions? Shinn is an employment attorney and guest writer for PayScale. He also routinely defends employers in federal and state agency investigations, as well as against lawsuits involving employment discrimination, non-compete enforcement, and related employment disputes.